Truework authorized by Fannie Mae to help speed up loan approvals
Truework joins Blend, Equifax Mortgage Solutions and Finicity as third-party vendors currently authorized by Fannie Mae as income and employment validation report suppliers
by Matt Carter Oct 20
What the US climate-risk review means for FHA, VA loans and more
Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans
by Daniel Houston Oct 19
New WFG tool offers insights on mortgage loans in the pipeline
MyHome Funder Dashboard smooths the process of balancing files for disbursement
by Matt Carter Oct 18
Mortgage rates continue their ascent onward into mid-October
Rates creeped upward once again across all major mortgage types, part of a rise from their all-time lows earlier this year, according to Freddie Mac’s weekly lender survey
by Daniel Houston Oct 14
Foreclosures remain low as banks start to churn out post-ban filings
The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels
by Daniel Houston Oct 13
Keller Mortgage lays off 150 new employees following hiring spree
After nearly doubling the company's payroll to 1,000 employees, Keller Williams' lending arm has laid off 150 new recruits — close to one-third of its recent hires
by Matt Carter Oct 13
More lenders jumping the gun on historic Fannie, Freddie loan limits
Rocket Mortgage and United Wholesale Mortgage — the nation's top 2 lenders — and at least 6 others are raising conforming loan limit to $625K ahead of FHFA announcement
by Matt Carter Oct 13
Mortgage rates for home loans hit highest levels since June
Purchase loan applications rose 2% week over week, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey, released Wednesday
by Matt Carter Oct 13
Homeowners slam brakes on refinancing as mortgage rates rise
Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight
by Matt Carter Oct 10
Mortgage rates hold steady following late-September spike
Mortgage rates barely changed a week after rising bond yields and Federal Reserve statements led to rate hikes across the board
by Daniel Houston Oct 7
Meet 49 of the richest people in real estate, according to Forbes
The publication's list of the 400 wealthiest Americans was chock full of real-estate developers, investors and construction moguls
by Daniel Houston Oct 7
Realogy sells most of its interest in Title Resources Guaranty
Realogy will maintain its ownership of Realogy Title Group, which last year provided title, settlement and escrow services for 214K transactions in 43 states under 45 brand names
by Matt Carter Oct 7
Homebuyer sentiment drops back to record low
Most Americans think it's a bad time to buy a home but a good time to sell, and high home prices are the culprit
by Matt Carter Oct 7
Better enabling homebuyers to make cash offers in 12 states
Program launches as Better moves to finalize its bid to become a public company
by Matt Carter Oct 5
Knock's GO mortgage offers appraisal coverage and cash-offer close certainty
Knock GO, which stands for Guaranteed Offer, is a 'cash-like' conventional mortgage product that allows buyers to write an offer on a home without including a financing contingency
by Craig C. Rowe Oct 4
Home prices could ‘moderate’ if mortgage rates keep rising
Rates for 30-year mortgages jump 13 basis points in one week as investors weigh prospects for inflation, Fed tapering
by Daniel Houston Sep 30
With wildfires on rise, these 5 states bear more risk than California
A new report from CoreLogic finds that the typical home in Wyoming is nearly 3 times as likely to go up in flames as one in California
by Daniel Houston Sep 30
Why sellers are shunning FHA and VA offers
FHA and VA loans are essential to first-time buyers, who account for about 4 out of every 5 FHA purchase loans. However, in today's market, sellers are quick to dismiss offers that come with this type of financing. Here's why
by Steve Cook Sep 30
Sustained surge in mortgage rates could dent home sales
Fed uncertainty and U.S. debt ceiling cliff are creating volatility in long-term interest rates
by Matt Carter Sep 28
Ideal Agent forges partnership with mortgage, title advisory consultants
Partnering with Incenter allows Ideal Agent customers a more streamlined process for finding and leveraging professional service providers when buying and selling a home
by Craig C. Rowe Sep 28
Are 15-minute mortgage loan approvals the future?
United Wholesale Mortgage says it developed automated document recognition and processing capabilities in-house that allow for an initial mortgage approval in minutes
by Matt Carter Sep 27
Ocrolus valued at $500M after raising $80M Series C round
The document automation platform is staffing up its machine learning and data science teams in the wake of the new funding round, which was led by Fin VC
by Matt Carter Sep 27
Homebuilders primed for big year of earnings. Here's the stocks to watch
Anticipating a high demand for homes, a research team at JPMorgan Chase is bullish on several real-estate stocks and investment trusts, according to a new analysis
by Daniel Houston Sep 24
Mortgage rates continue to flatline ahead of Fed tapering details
Mortgage rates stayed the course this week as lenders continued to monitor the Federal Reserve's tapering plans
by Daniel Houston Sep 24
Low mortgage rates keep home costs in an acceptable range
Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk
by Daniel Houston Sep 22
Fed prepared to taper mortgage purchases this year
Latest policy stance sets the stage for the Federal Reserve to start scaling back debt purchases in November
by Matt Carter Sep 22
Interest in second homes remains down for third consecutive month
Many buyers are still considering second-home purchases, but the number was down from last year's blistering levels, according to a report from Redfin on Wednesday
by Daniel Houston Sep 22
Fall housing outlook: Cooling prices, tighter inventory, less competition
As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight
by Lillian Dickerson Sep 22
Will every mortgage lender soon have a cash offer product?
Regional mortgage lender Evergreen Home Loans' cash offer product is available in 4 states. Will this become the norm?
by Matt Carter Sep 21
Tomo's CEO on the mortgage industry: 'It's like going to the DMV'
During a conversation with Brad Inman at Connect Now, Greg Schwartz said 'mortgage is the catastrophe of the real estate transaction,' and shared how Tomo is changing that
by Lillian Dickerson Sep 21
Landmark study confirms troubling 'appraisal gap' in minority enclaves
Mortgage giant Freddie Mac's analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias
by Matt Carter Sep 21
Home sales will cool off for the rest of this year and next: Fannie Mae
Projected growth in new home sales wouldn't offset expected drop in existing home sales
by Matt Carter Sep 20
‘Holding pattern’: Virus extends stable period for mortgage rates
Rates for 30-year mortgages have remained virtually unchanged for 2 months even as lenders reported recent movement on other loan types
by Daniel Houston Sep 16
Regulators loosen reins on Fannie and Freddie
Biden administration suspends limits on mortgages secured by second homes and investment properties
by Matt Carter Sep 15
United Wholesale Mortgage to launch in-house appraisal capability
The service, UWM Appraisal Direct, will be optional and mortgage brokers will still have the option to choose from about 100 UWM-approved appraisal management companies
by Matt Carter Sep 15
Black Knight expanding services it provides to growing mortgage broker segment
Cloud-based loan origination system, LoanCatcher, touted as providing the same level of technology employed by nation's largest lenders
by Matt Carter Sep 14
Real estate disruptors get serious about mortgage — and vice versa: Mike DelPrete
Real estate tech companies are going after mortgage, but now mortgage is going after real estate
by Mike DelPrete Sep 14
Rising home sales, prices help title insurers post record profits
Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums driven by rising home sales and prices
by Matt Carter Sep 13
Wells Fargo fined over mortgage loan modification practices
Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems
by Matt Carter Sep 13
Rates for 15-year mortgages continue slow rise from prior lows
Mortgage rates have remained largely unchanged in recent weeks, aside from a gradual rise in rates for 15-year loans
by Daniel Houston Sep 9
Lenders less certain about future growth in purchase mortgages
Lenders are still anticipating a shift in mortgage lending from refinancing to purchase loans, but it may not be as sudden as previously anticipated
by Matt Carter Sep 9
Americans cashing out as home equity hits record $9.1 trillion
Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic
by Matt Carter Sep 8
Why is about much more than mortgage rates
There's a backstory to Lower that helps explain why the company believes it can now position itself as not just a lender, but 'Everything for your home, for Lower'
by Matt Carter Sep 8
Demand for mortgages retreats to July levels
In what could be a preview of what's in store if mortgage rates continue to rise, demand for purchase loans remains subdued compared to a year ago, according to the MBA
by Matt Carter Sep 8
Fannie and Freddie must submit equitable housing finance plans
Plans are intended as roadmap for reducing racial, ethnic homeownership gap over the next 3 years
by Matt Carter Sep 7
Unlicensed mortgage broker siphoned off $4.74M in refi proceeds
CoreLogic sees heightened risk of mortgage fraud due to shift to purchase loans
by Matt Carter Sep 7
Housing insecurity ticks down in most states, but some worse off
Nationwide, the share of households behind on payments and worried about eviction or foreclosure has barely changed from a year ago, according to Household Pulse Survey
by Daniel Houston Sep 7
Homebuyer sentiment ticks up for the first time since March
Most consumers continue to report that it’s a good time to sell a home — but a bad time to buy — and they frequently cite high prices and a lack of supply as their primary rationale
by Matt Carter Sep 7
Mortgage rates cap off their most stable month of 2021 so far
Rates for 30-year mortgages barely budged over the last month, even as lenders sifted through new statements from Federal Reserve officials
by Daniel Houston Sep 2
Individuals to get better shot at buying foreclosed homes
Biden administration to give owner occupants, nonprofits more opportunities to buy homes before they're snatched up by large investors
by Matt Carter Sep 1
Investor-focused LendingHome to rebrand as 'Kiavi'
The company focuses on lending for investors who plan to rent out or flip their properties. The new name is a reference to the word for 'key' in Italian
by Jim Dalrymple II Sep 1
Regulators probe 'education fraud scheme' by loan originators
California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements
by Matt Carter Aug 31
Fed says it wants to see job numbers before tapering
Stock, bond markets breath a sigh of relief that Fed doesn't plan to abruptly withdraw stimulus
by Matt Carter Aug 27
Stewart buying Informative Research to further 'end-to-end' platform goal
$192M deal is Stewart's biggest bet on ancillary services yet
by Matt Carter Aug 27
Lenders hold firm on mortgage rates after Fed dust settles
Rates remain near historic lows despite Fed's willingness to consider tapering mortgage purchases this year
by Daniel Houston Aug 26
Mortgage lender offers $500 discount to applicants who get COVID vaccine
Neat Loans: Some companies are requiring vaccination, and 'employment status is critical'
by Matt Carter Aug 25
Private mortgage insurer National MI integrates with Mortgage Coach
Homebuyers who can't put 20 percent down now have more options when comparing loans
by Matt Carter Aug 24
New, deeper mortgage relationships boost Blend's Q2 revenue
The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1M, up 46% from a year ago, according to an earnings call on Friday
by Matt Carter Aug 23
Flueid awarded patent on title insurance decisioning platform
Austin, Texas-based company founded by Title365 veterans recently announced Series A funding
by Matt Carter Aug 19
Everyday real estate investors power GroundFloor's rapid growth
The company has experienced 212 percent revenue growth over the last three years as a result of its model that democratizes the backing of residential real estate construction and rehab investments
by Craig C. Rowe Aug 19
Ahead of Fed tapering reveal, mortgage lenders kept rates steady
Low mortgage rates that had risen off a strong jobs report remained unmoved earlier this week, according to Freddie Mac's lender survey
by Daniel Houston Aug 19
Why homebuyers aren't taking advantage of drop in mortgage rates
Builder backlog, ongoing listings shortages and rising home prices prompt Fannie Mae economists to cut forecast for 2021 home sales
by Matt Carter Aug 19
Agents in 9 new markets eligible to become Knock-Certified
A Knock mortgage is priced competitively, and agents and their clients have the benefit of working through a digital, two-way transaction solution
by Craig C. Rowe Aug 19
Mortgage lenders deal more purchase loans amid fewer refis
The latest numbers from Attom Data Solutions show that mortgage lenders issued more purchase loans in the second quarter of the year but lost ground on the refinancing side
by Daniel Houston Aug 18
Fannie, Freddie regulator wants to help more low-income homebuyers
The Federal Housing Finance Agency wants at least 35 percent of purchase loans to go to low- and very low-income borrowers
by Matt Carter Aug 18
Take your pick: Encompass handles both old and new qualified mortgage rules
Fannie and Freddie will use new price-based qualified mortgage rule for loans with settlement dates after Aug. 31
by Matt Carter Aug 18
Homebot adds property search tool with NestReady acquisition
CEO of the equity-building app says home search is 'ripe for innovation and implementation' by lenders looking to originate more purchase loans
by Matt Carter Aug 17
Demand for second homes drops for second-straight month
Second-home demand fell 21% in July from the previous year, according to a report released on Tuesday by tech-powered brokerage Redfin
by Lillian Dickerson Aug 17
United Wholesale Mortgage purchase loan business up 288%
CEO Mat Ishbia champions mortgage brokers as key to future growth
by Matt Carter Aug 16
Divvy Homes valued at $2B following $200 million Series D
The rent-to-own proptech startup saw growth accelerate after a Series C funding round just 6 months ago
by Matt Carter Aug 13
First American providing same-day title decisions on eligible mortgage refis, home equity loans
Taking a page from the playbook of a fintech upstart, the nation's largest title insurance underwriter is making an automated title decision engine available to title agents
by Matt Carter Aug 12
Healthy jobs report drives up mortgage rates for first time in weeks
Mortgage rates on 30-year loans rose this week for the first time in over a month after the latest jobs report came in better than expected
by Daniel Houston Aug 12
New Fannie Mae rule may help renters qualify for a mortgage
Consistent rent payments can boost prospects of borrowers with thin credit files
by Matt Carter Aug 11
Buyer demand for mortgages jumps for first time in almost a month
Rise in FHA purchase applications suggests more first-time buyers are navigating high prices, tight inventories
by Matt Carter Aug 11
RE/MAX's Motto Mortgage up and running in 38 states
The real estate giant keeps building on its position as the lone national franchisor in the mortgage broker channel
by Matt Carter Aug 10
Rocket Homes hiring in-house agents, launching iBuyer program
Rocket Cos., the parent company of the nation's biggest mortgage lender, plans to get into the iBuyer and real estate brokerage business through its Rocket Homes subsidiary
by Matt Carter Aug 10
Mortgage delinquencies stay low in June: CoreLogic
4.7% of mortgages were in a state of delinquency, unchanged since last month
1.7M homeowners still in forbearance as protections expire
Loan servicers must attempt to work with borrowers before initiating foreclosure proceedings
by Matt Carter Aug 9
Underwater homeowners gain breathing room as prices climb
Fewer properties are considered seriously underwater now that rising home prices have put homeowners with mortgages in a better position
by Daniel Houston Aug 9
Home prices show signs of leveling off for first time in months
After five consecutive months of record home prices, the market appears to be plateauing, according to several key indicators
by Daniel Houston Aug 9
As homebuyer sentiment hits new low, some sellers also having doubts
Most Americans don't think prices will be higher in 12 months but that mortgage rates will rise, according to a new Fannie Mae survey
by Matt Carter Aug 9
August opens with lower mortgage rates as Treasury yields dip
Interest rates on 30-year mortgages fell further as bond markets reacted to the delta variant's potential impact on the global economy
by Daniel Houston Aug 5
Black Knight mortgage app helps lenders recapture refi business
Black Knight payment app now tracks the current value of homeowners' property, provides refinancing rates and compares mortgage insurance prices
by Matt Carter Aug 5
California's scorching-hot housing market expected to stay 'incredibly competitive'
California Association of Realtors blames lack of supply for 'terrible consequences' on quality of life for potential buyers
Drop in mortgage rates not enough to spur homebuyers
Purchase loan applications were down 18% from a year ago during the last week of July
by Matt Carter Aug 4
LoanDepot logs best quarter ever for purchase loans in Q2
But dwindling profit margins on shrinking mortgage refinancings take a deep bite out of Q2 earnings
by Matt Carter Aug 4
Strong Fannie, Freddie results set the stage for debate over their future
Mortgage giants benefited from rising home prices and a surge in refinancings prompted by falling interest rates
by Matt Carter Aug 3
End of forbearance programs could strain loan servicers
Companies that collect mortgage payments expected to help homeowners avoid foreclosure
by Matt Carter Aug 2
LoanDepot's 'Grand Slam' offer bundles agent, mortgage and title insurance
LoanDepot and its agent matching subsidiary, mellohome, will offer cash rebates of up to $7,000 on bundled services, the company announced this week
by Matt Carter Jul 30
Early investors bail on Doma's SPAC merger
Digital title and closing provider Doma raised less than anticipated in a SPAC merger this week after paying out nearly $295M to early investors who redeemed their shares
by Matt Carter Jul 30
Banks offer exposure to mortgage risk — and investors want in
The new bond products offer higher yields in a low-interest-rate environment; but if the loans go bad, investors are on the hook
by Daniel Houston Jul 29
Fed will keep buying $40 billion in mortgages every month
As Fed's balance sheet approaches $8 trillion, policymakers say path of the economy continues to depend on the course of the pandemic
by Matt Carter Jul 29
Near historic lows, mortgage rates see little movement in late July
Mortgage rates held steady near month's end, with interest rates on 15-year fixed rate loans remaining at all-time lows, according to Freddie Mac’s weekly lender survey
by Daniel Houston Jul 29
Knock moves into 50th market, launches closing guarantee
Knock has announced it will offer Home Swap in Chicago in addition to offering a $5,000 on-time closing promise
by Craig C. Rowe Jul 29
Truework speeding up income verification for gig-economy workers
Service lets employees log into their payroll provider and share verified data with a few clicks
by Matt Carter Jul 28
Drop in mortgage rates spurs refis, but not home sales
With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications
by Matt Carter Jul 28
Total Expert integrates RatePlug to connect loan officers with agents
RatePlug, a marketing platform that connects mortgage loan officers and real estate agents, is now integrated into Total Expert, a customer relationship management solution
by Matt Carter Jul 27
Stewart bolsters Midwest operations with Title First Agency acquisition
After posting record second quarter earnings, Stewart Information Services Corp. has acquired one of the nation's largest independent title agencies, Title First Agency Inc.
by Matt Carter Jul 27
Cloud providers are now big players in the mortgage process
AWS, Google Cloud, and Microsoft Azure have developed proprietary AI and machine learning capabilities that can be customized for lenders
by Matt Carter Jul 27
Selling to buy? It should get easier in coming weeks, report says
Conditions should start to improve for buyers while remaining great for sellers if current trends hold, according to a new Redfin report
by Daniel Houston Jul 23
With home prices slow to fall, would-be buyers are getting squeezed out
People who lost income during the pandemic are finding it hard to buy their first homes as real estate prices grew faster than incomes, according to a new Harvard University report
by Daniel Houston Jul 23
Mortgage rates hit new all-time low for 15-year loans
Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory; rates for 30-year loans dipped as well
by Daniel Houston Jul 22
1M homeowners face elevated risk of foreclosure when protections lift
Delinquency rates are at the lowest level since the pandemic began, but borrower protections are lifting in September: Black Knight
by Matt Carter Jul 21
Home office eclipses short commute as a buyer must-have, agents say
Nearly 60% of agents surveyed by HomeLight said they expect a home office to be a top priority for buyers in a post-vaccine landscape
by Daniel Houston Jul 21
Ransomware attack threatens closings, sensitive client data
Cloudstar, host of title insurance apps, is still down five days after being hit by 'highly sophisticated ransomware attack'
by Matt Carter Jul 21
Homebuyer pool set to expand with mortgage alternatives: CEOs
The CEOs of 2 leaders in the field — Divvy Homes and HomeLight — said during Connect Now on Tuesday that they can help agents' clients negotiate challenging market conditions
by Matt Carter Jul 20
New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit
After 6 months of easing, credit availability tightened by 8.5% in June
by Matt Carter Jul 16
Fannie and Freddie will eliminate mortgage refinancing fee starting Aug. 1
Mortgage giants' federal regulator expects lenders to pass savings along to borrowers
by Matt Carter Jul 16
First-time buyers still eager, despite snags on path to homeownership
A Chase survey revealed nearly 4 in 10 potential first-time buyers lost income during the pandemic, setting back their homeownership goals
by Daniel Houston Jul 16
EXp, Kind Lending team up to launch new mortgage platform
The new platform is called SUCCESS Lending and will offer loans to consumers working with eXp Realty agents
by Jim Dalrymple II Jul 15
Digital closing firm Doma sees agents as key area for growth
CEO Max Simkoff says Doma provides a 'white label' closing solution to real estate agents that provides a better consumer experience
by Matt Carter Jul 15
'Summer swoon': Mortgage rates dip further in mid-July throughout US
The average interest rate on a 30-year fixed rate mortgage dipped further this week, according to data from Freddie Mac
by Daniel Houston Jul 15
Mortgage boom for second homes takes hit amid new lending rules
New lending rules and a return to the office may have dented the prolific rise in demand for second-home loans, according to new data
by Daniel Houston Jul 14
Dip in rates boosts demand for mortgages
Applications for purchase loans and refinancing both up during holiday-shortened week
by Matt Carter Jul 14
Compass is launching its own mortgage company, OriginPoint
OriginPoint will provide origination services to consumers in select Compass markets by the end of 2021, marking the brokerage's latest move toward an end-to-end transaction
by Marian McPherson Jul 13
Delinquency rate hits lowest level seen in a year: CoreLogic
4.7% of mortgages were delinquent in April 2021, a significant drop from the start of the pandemic
Rising home prices boost demand for jumbo mortgages
Rates on jumbo loans are currently lower than conventional mortgages, but could surge higher in the months ahead
by Matt Carter Jul 12
Better acquires UK-based mortgage broker Trussle
Founded in 2015, Trussle has brokered more than $3.7B in mortgage loans. Better said Trussle is the perfect partner for its entrance into the UK
by Marian McPherson Jul 12
How mortgage lenders are preparing for the end of the refi boom
Top priorities: Improve the loan origination process, hire more loan officers, and partner with builders and real estate agents
by Matt Carter Jul 12
New study shows true impact of credit scores on mortgage rates
Digital mortgage marketplace OwnUp's latest study revealed buyers with good credit scores can lose $40K in interest savings by failing to shop loan options
by Marian McPherson Jul 8
Mortgage rates follow Treasury yields down
While rates are back down near historic lows, the economic recovery could push them back up in the months ahead
by Daniel Houston Jul 8 launches microsite with fair housing resources
Visitors to ' for Everyone' are able to search for Realtors who have completed NAR’s At Home with Diversity certification
Young adults put pandemic savings toward down payments
Zillow survey finds that half of millennials and Gen Zers plan to use money saved on transportation, child care and dining out to buy a home
Howard Hanna buys stake in one of Indiana's biggest brokerages
Howard Hanna Real Estate Services has expanded its footprint in Indiana by forming a partnership with a well-known regional player
by Daniel Houston Jul 1
CoreLogic to acquire automated closing costs firm ClosingCorp
The deal is expected to close in the third quarter if it receives regulatory approvals and meets 'customary closing conditions,' the California-based company said in a statement
Number of affordable places to live hits lowest point in 2 years
Home prices in most counties in a recent study were less affordable than their historical averages as price growth outpaced rising wages
by Daniel Houston Jun 30
Rocket-owned Nexsys is automating homeowners insurance verification
4 of nation's top 10 providers of homeowners insurance now integrated with real-time verification platform Clear HOI
by Matt Carter Jun 30
Truework says Encompass integration can speed mortgage approvals
Automating employment and income verification can get homebuyers to the closing table faster
by Matt Carter Jun 30
Rising home prices may be crimping demand for purchase mortgages
Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market
by Matt Carter Jun 30
Tomo launches with aim to 'be the best at purchase mortgages'
The technology-based lender co-founded by former Zillow executive Greg Schwartz is now live in Seattle, Dallas and Houston
by Matt Carter Jun 30
How mortgage brokers and lenders can be better partners to agents
By fostering strong relationships with agents, mortgage lenders and brokers can grow their business — here's how
by Roger Odoardi Jun 30
Lenders granted some leeway to initiate foreclosures
Mortgage lenders will soon be able to initiate foreclosure proceedings against homeowners who are 120 days behind on their mortgage payments
by Matt Carter Jun 29
Offerpad is now a mortgage broker
The pioneering iBuyer is now a licensed mortgage broker in Alabama, Arizona and Colorado, with plans for rapid expansion into other states
by Matt Carter Jun 28
FHA relaxes underwriting for student loan borrowers
Lenders can use borrower's actual monthly student loan payment when calculating their overall debt burden
by Matt Carter Jun 25
Mortgage rates tick back above 3% as economic recovery continues
Freddie Mac's chief economist said rates could continue to rise during the second half of the year after reaching historic lows in January
by Daniel Houston Jun 24
Cash offer startup raises $90M in funding round
The fintech mortgage lender plans to use the funds to scale the company's platform, double its team and expand into new markets
by Lillian Dickerson Jun 24
Remote work named No. 1 issue affecting real estate
The share of people working from home full- or part-time could double permanently, impacting homebuyer demand and land use, according to a new report from The Counselors of Real Estate
by Andrea V. Brambila Jun 23
Refinancing is easier than dieting, harder than training a dog: Survey
In a new Zillow survey, homeowners ranked refinancing as easier than divorce or dieting, but 'significantly tougher' than training a puppy
by Daniel Houston Jun 23
New leadership expected at Fannie and Freddie's federal regulator
Supreme Court ruling expands the president's power to remove the head of the FHFA
by Matt Carter Jun 23
Home finance startup Lower lands $100M in Series A funding
Lower will use the funds to expand its product line and accelerate its growth. The company's website currently lists more than two dozen employment opportunities
by Matt Carter Jun 23
Purchase loan demand up again, bucking increase in mortgage rates
Requests to refinance accounted for 62.5 percent of all applications
by Matt Carter Jun 23
Spike in refis led last year's home-lending boom, new data shows
Lenders in 2020 refinanced more than twice as many loans as they reported the previous year, a dramatic feature of the pandemic lending boom
by Daniel Houston Jun 22
Paying rent with a credit card touted as 'path to homeownership'
Kairos, the company behind the Bilt Mastercard, says renters can earn points and apply them to house down payment
by Matt Carter Jun 22
‘Homebodies' hampering housing market potential by not selling
Homeowners with low mortgage rates and seniors choosing to age in place aren't eager to sell, according to a new analysis by First American Financial Corp.
by Matt Carter Jun 22
Inman Interactive: Where housing costs are straining budgets most
In this interactive map, see the states where homeowners with a mortgage have incomes that haven't kept up with housing costs
by Daniel Houston Jun 21
Ryan Schneider shares the blueprint for Realogy's digital future
From virtual title closing services and staging to iBuying, Ryan Schneider is banking on Realogy's ability to lead the real estate industry into the digital age
by Marian McPherson Jun 16
Demand for mortgages rebounds after 3 weeks of declines: MBA
Applications for purchase loans and refinancings climbed as mortgage rates eased to the lowest levels since early May, according to the Mortgage Bankers Association
by Matt Carter Jun 16
Home sale-leasebacks are surging, but are they good for homeowners?
Sale-leasebacks can be a lifeline to homeowners struggling to make mortgage payments, but consumer advocacy groups are concerned over the low sales prices investors offer
by Lillian Dickerson Jun 16
Homeowners are losing their enthusiasm for refinancing
After pullback in rates, decline in refis 'seems to have more to do with borrower psychology'
by Matt Carter Jun 14
Inman Interactive: Explore where US housing costs are highest
This interactive map compares the costs for a typical homeowner in each county in the nation, beyond the principal and interest on their loan
by Daniel Houston Jun 9
Mortgage applications slump as demand for refinancing wanes
Requests to refinance accounted for 6 out of 10 applications
by Matt Carter Jun 9
Exchange now helps financial advisers find clients a mortgage
Ally Home, Better, and Guaranteed Rate join the Envestnet Credit Exchange
by Matt Carter Jun 8
Mortgage delinquency rates continue to improve: CoreLogic
While on the decrease from past months, mortgage delinquencies are still up 1.3 percentage points from last March
Inventory shortage sends home prices soaring at record rate
14.8% annual home price growth is the highest seen in Black Knight data going back nearly 30 years
by Matt Carter Jun 7
Despite challenges, Americans would still rather buy than rent
Share of consumers who say they'd buy a home if they moved hits all-time high of 72%, according to Fannie Mae's monthly National Housing Survey
by Matt Carter Jun 7
LoanDepot forms joint venture with Farm Bureau Bank
As lenders pivot from refinancings to purchase loans, loanDepot builds on its track record of partnering with homebuilders
by Matt Carter Jun 4
Mortgage rates stay tantalizingly low as buyers compete for homes
Rates on 30-year fixed-rate mortgages inch up, but remain just under 3 percent
by Matt Carter Jun 3
Fannie, Freddie filling openings left by departures of top executives
The mortgage giants are continuing to fill openings left by top executives who departed in the wake of the November elections, which sidetracked plans to privatize the companies
by Matt Carter Jun 1
Mortgage rates retreat from 3% threshold
Support builds at the Fed to at least begin discussions on when to taper mortgage bond purchases, which have kept have kept long-term interest rates low
by Matt Carter May 27
Mortgage lending standards ease for refinances
The biggest monthly move since 2013, a four-point drop in average FICO scores from March to April, is confined to borrowers refinancing existing loans
by Matt Carter May 26
Zillow's uphill battle to attach mortgages: Mike DelPrete
Zillow's experience shows that adding ancillary services is a long, slow road that requires big investment, patience, and a smart, consumer-first approach
by Mike DelPrete May 26
Demand for purchase loans up for second time in May
Requests to refinance dip as interest rates inch up again
by Matt Carter May 26
Stewart expands mortgage capabilities with latest acquisition
The deal to acquire Cloudvirga follows the 2020 acquisitions of NotaryCam, United States Appraisals and Pro-Teck Services
by Matt Carter May 25
Digital closing platform Snapdocs valued at more than $1.5B
Snapdocs has raised $150 million in a series D funding round. The platform now touches nearly 20 percent of U.S. real estate transactions
by Matt Carter May 25
Stavvy lands $40M in funding, signs Flagstar Bank
With Series A funding, the Boston-based startup plans to bring expertise in paperless to mortgage servicing
by Matt Carter May 24
National delinquency rate dipped below 5% in April
Idaho, Colorado, Utah, Washington and Montana have lowest delinquency rates in U.S.
by Matt Carter May 20
Watchdog group asks FTC to review Quicken Loans mortgage ads
Ads promise 'No Registration, No Login' but the website requires you to do both
by Matt Carter May 19
Doma adds Wells Fargo as a client as it prepares to go public
The startup, which is aimed at digitizing the transaction process, plans to go public through a blank check merger with Capitol Investment Corp. V
by Matt Carter May 18
Black Knight acquires analytics firm eMBS Inc.
Building on last year's Optimal Blue deal, Black Knight strengthens its secondary mortgage market offerings
by Matt Carter May 17
Share of mortgages in forbearance continues to dwindle
But an estimated 2.1 million homeowners are still taking a break from mortgage payments
by Matt Carter May 17
NAR: Housing market is 'topping out' due to inventory shortage
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up
by Andrea V. Brambila May 13
Genworth postpones IPO of its mortgage insurance business
The company cited volatility in trading of mortgage insurance companies as the reason for delay
by Matt Carter May 13
Inflation concerns not reflected in latest mortgage rate survey
A weekly Freddie Mac survey doesn't fully reflect new data that's pushed rates up this week on inflation worries
by Matt Carter May 13
Knock's Carolinas expansion puts Home Swap in 40 markets
'A consumer can qualify for the Home Swap from their mobile device and then confidently shop for the home they want with their own agent by their side and in the app,' said Knock CEO and co-founder Sean Black
by Craig C. Rowe May 13
Guild Mortgage acquires foothold in the Northeast
The deal to buy South Portland, Maine-based Residential Mortgage Services for $197M is Guild's seventh acquisition since 2008
by Matt Carter May 11
Better is the latest mortgage company to go public
With $778M in IPO funding, the company also aims to grow its real estate brokerage and title insurance businesses
by Matt Carter May 11
End of mortgage payment relief looms for 2.2M homeowners
The share of homes in forbearance continues to dwindle, but many owners haven't made a payment in 12 months or more
by Matt Carter May 10
Fannie, Freddie must curb appetite as demand for second homes soars
The trend toward remote work, along with the rising value of stock portfolios and home values, has fueled the demand
by Matt Carter May 10
What Zillow's results reveal about its momentum toward Zillow 2.0
The various pieces of adjacent services are being built, but they still need to be assembled in a credible way that reinvents the transaction at a meaningful scale
by Mike DelPrete May 7
Mortgage rates stay under 3% for third week in a row
Good news for would be-homebuyers and homeowners looking to refinance
by Matt Carter May 6
Accurate Group acquires Coast to Coast Title & Escrow
The deal includes title and closing technology platform that integrates with loan origination systems used by most lenders
by Matt Carter May 5
Homeowners are cashing out equity like it's 2005
Alarm bells aren't ringing, but analysts are keeping a close eye on the trend
by Matt Carter May 4
Nation’s fifth largest mortgage insurer joins the IPO craze
Genworth Mortgage Insurance Corp. announced a partial IPO and rebranding as Enact
by Matt Carter May 4
Propertybase launches new lead source for loan officers, small teams
BoldMortgage builds on Propertybase's enterprise-level mortgage business growth platform Unify
by Matt Carter May 4
Fears of pandemic-induced foreclosure wave ease
Of the 7.1 million homeowners who were granted forbearance during the pandemic, two-thirds have already left
by Matt Carter May 3
Homeseller profits begin to dip in first quarter
The typical home sale in the first three months of 2021 generated a profit of $70,050, up from $55,750 in the same period last year
by Kelsey Ramírez Apr 30
Fannie Mae brings in net income of $5B in Q1
This net income increase is up significantly from the first quarter of 2020, when, struggling with restrictions due to COVID-19, the mortgage giant posted a net income of just $500M
by Kelsey Ramírez Apr 30
SimpleNexus platform now supports remote closings through Notarize
Lenders that use SimpleNexus can now provide borrowers with a fully digital, single sign-on homebuying experience from application to closing
by Kelsey Ramírez Apr 29
Cheaper home purchases by student debt holders could widen wealth gap
Hispanic and Black Americans who buy lower-priced homes than white Americans can also lead to further wealth gaps, according to a study by the National Association of Realtors
by Andrea V. Brambila Apr 29
Low interest rates drive Freddie Mac new business up 162%
The mortgage giant reported earnings of $2.8B in the first quarter
by Kelsey Ramírez Apr 29
Mortgage rates hold steady below 3%
The 30-year fixed-rate mortgage averaged 2.98%, up slightly from last week’s 2.97%, according to Freddie Mac's Primary Mortgage Market Survey released Thursday
by Kelsey Ramírez Apr 29
Fannie, Freddie debut new refi option for low-income families
Eligible borrowers on average would see monthly savings between $100 and $250
by Kelsey Ramírez Apr 28
AI-powered mortgage processing: 27 options besides Google
The tech giant recently rolled out a purpose-built solution for the mortgage industry, but it's entering a rather crowded field
by Matt Carter Apr 28
Low credit scores are biggest barrier for women, minority buyers
OJO Labs' latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support
by Marian McPherson Apr 28
Fed maintains commitment to not raising interest rates
'The ongoing public health crisis continues to weigh on the economy, and risks to the economic outlook remain,' said the Federal Reserve Open Market Committee
by Matt Carter Apr 28
Servicer Mr. Cooper investigated for unauthorized withdrawals
The company says there was a processing error, and is looking to correct the withdrawals as soon as possible
by Kelsey Ramírez Apr 28
Housing market slows despite record low interest rates
The housing market continued to slow this week even as interest rates remain below 3%. Mortgage Bankers Association Economist Joel Kan explains why
by Kelsey Ramírez Apr 28
CFPB officially delays new QM rule well into next year
Bureau pushes back mandatory compliance date despite industry concerns
by Kelsey Ramírez Apr 28
Citi pledges to serve more minority homebuyers
The lender is expanding access to HomeRun and Lender Paid Assistance mortgage programs, two loan products that can be important tools for minority borrowers in low- and moderate-income neighborhoods
by Matt Carter Apr 27
Nationwide Equities fined $140K for alleged deceptive advertising
The Consumer Financial Protection Bureau says the lender 'misled borrowers into believing they could not lose their homes with a reverse mortgage'
by Kelsey Ramírez Apr 27
Housing market insanity leaves homeownership rate unchanged
However, the homeownership rate for Black Americans is up year over year in the first quarter of 2021
by Kelsey Ramírez Apr 27
Home prices surge to new high — but is it sustainable?
Home prices continue to surge, hitting double-digit increases for the third consecutive month, according to the latest Case-Shiller report, released Tuesday
by Kelsey Ramírez Apr 27
Nation's largest thrift acquires top 20 mortgage lender
Will Flagstar merger supercharge New York Community Bank's mortgage lending?
by Matt Carter Apr 26
Mortgage forbearances continue slow decline
The latest Mortgage Bankers Association survey shows forbearances dropped for eighth consecutive week
by Kelsey Ramírez Apr 26
Americans prioritize paying their mortgage during pandemic
For Americans with mortgages, car payments and credit cards, a new TransUnion study shows paying their mortgage was a top priority during the pandemic
by Kelsey Ramírez Apr 26
Mat Ishbia and his journey to the top of the mortgage profession
United Wholesale Mortgage CEO Mat Ishbia shares what his life was like growing up, and how he became one of the wealthiest mortgage executives in the US
by Kelsey Ramírez Apr 26
Buy and build with Welcome Homes' online new construction platform
Welcome Homes augments a streamlined business plan with dynamic 3D visualization to let new homebuyers build and buy directly from their browsers
by Craig C. Rowe Apr 23
Purchase mortgage originations to hit a new record in 2021
The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion in 2021
by Kelsey Ramírez Apr 22
Mortgage rates drop below 3% for first time in months
Average mortgage interest rates for a 30-year fixed rate mortgage dropped to 2.97% for the week ending April 22, according to Freddie Mac’s Primary Mortgage Market Survey
by Kelsey Ramírez Apr 22
To reach borrowers, servicers need to speak their language: MBA panel
Servicers must be empathetic, acknowledging to begin the conversation, a panel of experts at the Mortgage Bankers Association’s Spring Conference and Expo said on Wednesday
by Kelsey Ramírez Apr 22
Half a million homeowners got current on their mortgage in March
Mortgage delinquency rate plummets 16.4% from the previous month
by Kelsey Ramírez Apr 21
Don't @ me: @properties sues @mortgage, alleges 'free riding' on brand
Real estate brokerage @Properties seeks injunction and payment of profits gained through alleged 'unlawful conduct' against digital mortgage rival
by Andrea V. Brambila Apr 21
FHFA extends COVID lending flexibilities for final time
The Federal Housing Finance Agency announced on Wednesday it will retire flexibilities after this final extension due to low usage
by Kelsey Ramírez Apr 21
Interest rate drop drives sudden surge in housing activity
Mortgage applications increased 8.6% on a seasonally adjusted basis for the week ending April 16, 2021, according to the Mortgage Bankers Association
by Kelsey Ramírez Apr 21
Mortgage fintech firm FirstClose acquires HomeScout
The company seeks to transform real estate transactions for lenders and real estate agents
by Kelsey Ramírez Apr 20
Digital mortgage startup Better debuts services in 3 more states
The company has funded over $40 billion in home loans since it launched — nearly all of it since the beginning of 2020
by Andrea V. Brambila Apr 20
CFPB reportedly investigating several mortgage servicers
After months of warning of a crackdown, the CFPB has launched probes into several mortgage servicers, people familiar with the matter say
by Kelsey Ramírez Apr 20
The 3 biggest alternative financing methods disrupting real estate
In a Connect Now session Tuesday, Clelia Peters shared what agents need to know about the major players in transaction facilitation, mortgage alternatives and home equity access
by Kelsey Ramírez Apr 20
Forbearance rate drops for 7th week in a row
2.3M homeowners still aren't making their monthly mortgage payments
by Matt Carter Apr 19
Housing market is headed for a slowdown say Fannie, Freddie
Rising mortgage rates cause Fannie Mae and Freddie Mac to downwardly revise forecasts
by Kelsey Ramírez Apr 19
Will 2021 be the year the industry finally embraces mortgage tech?
The housing industry is gearing up for a boom in mortgage tech. Some of housing's top experts explain why
by Kelsey Ramírez Apr 16
Investment guru Jim Cramer pays off mortgage with bitcoin profits, gets roasted
'I now own a house, lock, stock and barrel, because I bought bitcoin,' said Cramer. 'I don’t know, I think I won!' But not everyone agrees
by Matt Carter Apr 16
Options for remote closings grow as tech companies get certified
A total of 10 companies have been certified to complete remote online notarizations by the Mortgage Industry Standards Maintenance Organization
by Kelsey Ramírez Apr 15
The next big mortgage industry disruptor? Blockchain and NFTs
Title companies saw a surge in 2020, but one economist predicts they may soon become obsolete as blockchain makes its way into the mortgage industry
by Kelsey Ramírez Apr 15
Fathom continues acquisition spree with E4:9 Holdings
Fathom Holdings has purchased E4:9 Holdings and its three mortgage, insurance and lead generation subsidiaries for $26.75M
by Marian McPherson Apr 15
Mortgage interest rates fall for second-straight week
Mortgage rates drop nearly 10 basis points due to market imbalances, according to the latest Primary Mortgage Market Survey from Freddie Mac on Thursday
by Kelsey Ramírez Apr 15
Keep your eye on these top 10 purchase lenders this year
The lenders who took the most market share in purchase mortgages in 2020 are best prepared to dominate lending in 2021
by Kelsey Ramírez Apr 14
Housing market transitions from refinances to purchases
Mortgage refinance applications declined for nine out of the past 10 weeks
by Kelsey Ramírez Apr 14
These are the mortgage lenders that dominated refinances in 2020
Mortgage lenders saw record volume in 2020, with refinances leading the way. Here are the lenders that dominated refinances last year, according to the Mortgage Bankers Association
by Kelsey Ramírez Apr 14
The top 10 independent mortgage brokers gaining market share
Mortgage brokers claimed more than 20 percent of market share for the first time in over a decade this January, and these companies are leading the charge
by Matt Carter Apr 13
Big mortgage insurer may jump on IPO bandwagon
After throwing in the towel on a $2.7 billion merger, Genworth Financial is considering spinning off its mortgage insurance division
by Matt Carter Apr 13
Independent mortgage banks made more money than ever in 2020
Independent mortgage bank's profits surpassed previous year by nearly 186%, according to the Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report
by Kelsey Ramírez Apr 13
Here are the top 10 mortgage lenders for 2020
Home Mortgage Disclosure Act data reveals a growth surge across mortgage lending, with one lender's volume increasing more than 340% from the year prior
by Kelsey Ramírez Apr 12
Economic recovery sends mortgage forbearance level plummeting
Share of mortgages in forbearance drops for sixth straight week at the fastest pace since November
by Kelsey Ramírez Apr 12
Millennials are refinancing their homes at record pace
Younger millennials entered the housing market for the first time as older millennials drove refinances
by Kelsey Ramírez Apr 12
Title premium volume surges more than 20% in 2020
The industry generated $19.2B in title insurance premiums, according to the American Land Title Association’s latest Market Share Analysis
by Kelsey Ramírez Apr 12
America's hottest neighborhoods: North Hills in Raleigh, North Carolina
A $1B Innovation District, a plethora of amenities and a new city plan have pushed Raleigh's North Hills to the top of buyers' lists.
by Marian McPherson Apr 12
Unify now drumming up business for mortgage lenders
With its acquisition of Unify, Propertybase is in a position to facilitate referrals between real estate brokers and lenders
by Matt Carter Apr 9
What the proposed CFPB rules mean for mortgage servicers
The CFPB introduced new rules that changes the game for mortgage servicers. Experts lay out the changes that await the servicing industry
by Kelsey Ramírez Apr 9
SoftBank invests $500M in fintech startup is set to receive $500 million from SoftBank's Vision Fund, according to a WSJ article on Thursday. This places's valuation at $6B
by Marian McPherson Apr 9
Inman Tech Review: JetClosing is fueling mobile adoption of digital title and escrow
Maybe it feels to some that such a light, easy product can't handle the financial and metaphorical weight of a closing, but JetClosing is an app that proves otherwise
by Craig C. Rowe Apr 9
Mortgage credit opening up to more borrowers
Mortgage market opens up in March, driven by job market and economic recovery
by Kelsey Ramírez Apr 8
Amid IPO craze, mortgage industry CEOs join Forbes' billionaires list
Mat Ishbia of United Wholesale Mortgage and Anthony Hsieh of loanDepot joined Rocket's Dan Gilbert on Forbes' list of billionaires after taking their companies public
by Kelsey Ramírez Apr 8
Mortgage rates reverse course, dropping for first time in 2 months
After 7 weeks of consecutive increases in mortgage rates, Freddie Mac's most recent survey shows a decrease, giving borrowers the chance to refinance
by Kelsey Ramírez Apr 8
HUD sends $690M to states for affordable housing
The Housing Trust Fund is funded by a fee on Fannie Mae and Freddie Mac and devoted to affordable housing for low- and extremely low-income households
Notarize to open its remote notary platform to independent notaries
Pilot program to launch in Washington and Tennessee with a goal of launching in all 31 remote online notarization-approved states in 2021
by Kelsey Ramírez Apr 7
Fed expects stronger economic recovery to come
During the Federal Open Markets Committee meeting, the Federal Reserve reiterated its plan to maintain current economic policy until fiscal and economic goals are met
by Kelsey Ramírez Apr 7
Illinois to pay up to $40K in student loan debt for homebuyers
The SmartBuy program, offered by the Illinois Housing Development Authority to help pay off loans and encourage homeownership, has drawn interest from out-of-state buyers too
by Kelsey Ramírez Apr 7
COVID vaccinations give Americans more confidence in housing
Fannie Mae’s Home Price Sentiment Index increased by 5.2 points from February to 81.7 in March. Year over year, the index is up 0.9 points
by Kelsey Ramírez Apr 7
Rising interest rates slow housing market activity
Mortgage applications dropped 5.1% in latest Mortgage Bankers Association survey
by Kelsey Ramírez Apr 7
MBA: Delaying non-qualified mortgage rule will bring uncertainty to housing
The Mortgage Bankers Association believes that delaying the mandatory compliance date, as proposed by the Consumer Financial Protection Bureau, will not increase access to credit
by Kelsey Ramírez Apr 6
New forbearance requests drop to lowest level since March 2020
Total weekly forbearance requests as a percent of servicing portfolio volume decreased from 0.05% to 0.04%, according to the latest data from the Mortgage Bankers Association
by Kelsey Ramírez Apr 6
Home prices are growing at the fastest rate since 2006
Home prices increased 10.4% in February 2021 from the previous year, and increased 1.2% from January, according to the latest CoreLogic Home Price Index report
by Kelsey Ramírez Apr 6
New CFPB proposal would take foreclosures off the table for 2021
The Consumer Financial Protection Bureau is requesting comments from stakeholders on the proposed rule, but given the urgency of the crisis, the deadline for comments is May 10
by Kelsey Ramírez Apr 5
CFPB to mortgage servicers: Get prepared, or else
CFPB continues watch of servicing industry as consumers exit forbearance
by Kelsey Ramírez Apr 5
Finance of America goes public
The end-to-end lending and services platform will begin trading stock on the New York Stock Exchange beginning Monday
by Kelsey Ramírez Apr 2
CFPB walks back on COVID appraisal flexibilities
But Fannie Mae and Freddie Mac continue to extend options to avoid in-person appraisals
by Kelsey Ramírez Apr 2
What to look for in a closing disclosure form
How long has it been since you updated your closing disclosure form? Here is a page-by-page breakdown of what you should review, verify, understand and inform clients about
by Marvin Stone Apr 1
Sprout Mortgage gives brokers more control of loan estimate
A new program gives originators better visibility into how lender fees will be presented to borrowers
by Matt Carter Mar 31
Mortgage tech startup attracts new backing to help smaller lenders
Maxwell's $16.3M Series B round is a first for The Mortgage Collaborative
by Matt Carter Mar 31
Pending-home sales fall 10.6%
Pending-home sales also declined on an annual basis for the first time in 8 consecutive months, according to the National Association of Realtors
by Lillian Dickerson Mar 31
Share of homeowners who can't pay their mortgage hits new low
The number of mortgages in forbearance dropped below 5% first time since the start of the pandemic
by Matt Carter Mar 29
Mortgage lenders target buyers with ‘Real Estate Report Cards’
Top of Mind Networks and MBS Highway are teaming up to integrate their offerings, allowing lenders to generate and distribute Real Estate Report Cards using Surefire CRM
by Matt Carter Mar 29
5 big challenges for REX Real Estate in 2021
The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow
by Andrea V. Brambila Mar 29
Why are credit score apps different from a lender's pull?
It's not unusual for consumers to be baffled by the fact that credit scores from consumer finance websites like Credit Karma are different from what their lender pulls. Micah Curtis explains why that happens
by Rick Guerrero Mar 29
6 tips you should share with clients before they refinance
The lending industry is up to its calculators in mortgage refinances right now. Hopefully most of them are going smoother than mine
by Craig C. Rowe Mar 27
Up, up and away: Mortgage rates continue upward tick
The average for a 30-year, fixed-rate mortgage hit 3.17% this week, the highest level since June 2020, according to data released Thursday by Freddie Mac
by Patrick Kearns Mar 25
Knock Home Swap moves into the Twin Cities and Nashville
The expansion into the new markets will bring Knock's total market count to 27
by Lillian Dickerson Mar 25
5 pandemic mortgage strategies for the self-employed 
Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval
by Steve Cook Mar 25
Pulse: Tell us about a time when financing derailed a deal
Everyone makes mistakes — including homebuyers on the cusp of closing on their dream home. This week, tell us about the common financing mishaps that can really jeopardize a deal. How can agents help prevent them?
by Inman Mar 24
Rocket exec dishes on mortgage trends and beef with UWM
Bob Walters called United Wholesale Mortgage's ultimatum to independent brokers 'deeply offensive'
by Patrick Kearns Mar 23
Pulse: The biggest mortgage challenges clients are facing today
This week, our readers share some of the biggest financing challenges clients are facing in today's market. From saving for a down payment to competing with cash offers, here's what prospective buyers are struggling with most
by Inman Mar 23
Whatever happened to Trump Mortgage?
In the early 2000s, Trump made a short-lived foray into the world of residential and commercial lending. The housing bubble ultimately doomed the venture, and its legacy was a long-running lawsuit
by Jim Dalrymple II Mar 22
Inman Handbook on Homeward
Homeward provides the buying power of a cash purchase to noncash homebuyers, allowing for more competitive offers and a better chance at winning in a multiple-offer situation
by Christy Murdock Mar 22
What this spring means for real estate: Buyers beware
Industry professionals painted a picture of a competitive market that only stands to get more intense as the weather gets nicer and more buyers come out this spring
by Lillian Dickerson Mar 19
NAR claps back on commission attacks
Trade group's president accuses commission detractors of duplicity 'for a payout' under the guise of protecting consumers
by Andrea V. Brambila Mar 18
Mortgage rates continued to climb this week
After falling to historic lows last year, rates have climbed back over 3% but still remain lower than last year's levels
by Patrick Kearns Mar 18
How new trends in automation are streamlining title transactions
Just like the rest of real estate, the title industry is embracing technology and its many benefits. When partnering with a title company, be sure to understand how it deploys technology in its systems — and how that tech can be used to help create the best service for you and your clients
by Tom Huddleston Mar 18
Freddie Mac names Mark Grier interim CEO
The Prudential Financial vet served on Freddie Mac's board of directors for about a year before being named the company's interim chief executive officer
by Lillian Dickerson Mar 17
Pulse: What are the biggest mortgage challenges your clients face?
This week, we want to ask our readers about the common obstacles — complications, misunderstandings and mistakes — that clients often face as they navigate the mortgage process? How did you help overcome them?
by Inman Mar 17
5 ways the pandemic mortgage boom has changed the market
Mortgage experts Ann Thompson and Christian Wallace share how the pandemic changed the mortgage market and what it means for today's consumers at Connect Now
by Marian McPherson Mar 16
A sea change is coming to home financing
A slew of newer companies are trying to reinvent the way people finance home purchases. That doesn't mean the 30-year mortgage is disappearing, but it does hint at more choices for consumers of the future
by Jim Dalrymple II Mar 16
Pulse: How our readers are educating clients about mortgage and alt finance
This week, our readers share how they're educating their clients about one of the most important facets of the homebuying process — financing the biggest purchase of their lives
by Inman Mar 16 partners with Google to hire 2,000 new employees
Digital mortgage startup has pledged to hire Google Career Certificate graduates by 2024 as part of the company's aggressive growth strategy
by Marian McPherson Mar 12
CBC Mortgage Agency names its first-ever diversity, equity and inclusion officer
The company tapped current Director of Government Affairs Tai Christensen to lead the company's diversity, equity and inclusion efforts alongside of committee of 15 employees
by Marian McPherson Mar 10
Is Walmart gunning for the mortgage industry? Experts say yes
Experts Holden Lewis, Greg McBride and Jill Gonzalez share their thoughts on Walmart's foray into fintech and what it could mean for the mortgage industry
by Marian McPherson Mar 10
Mortgage applications decrease 1%
Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into spring, according to Mortgage Bankers Association
by Lillian Dickerson Mar 10
Pulse: How are you educating clients about mortgage and alt finance?
This week, we are curious to know: How are you helping clients navigate the complicated mortgage process? How are you informing your clients about their options?
by Inman Mar 10
Share of mortgages in forbearance dropped 3 points at end of February
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28% of loans in forbearance
While still high, mortgage delinquencies see small decline
5.8% of homeowners fell delinquent on their mortgages in December, compared to 3.7% during the same period in 2019
Pulse: What clients need to know about mortgages in 2021
This week, our readers tell us how they're educating clients about the mortgage market in this red-hot real estate landscape. Here's what homebuyers need to be prepared for today
by Inman Mar 9
Inman Handbook on Divvy
This unique company has blended altruism with an innovative twist on an old landlord strategy — rent to own. Operating in 16 markets with more on the way, it opened its first branded brokerage in Cleveland
by Craig C. Rowe Mar 8
12 digital mortgage terms every agent should know
Mortgages are going from handshakes to webcams. Here are 12 terms that are defining industry change
by Craig C. Rowe Mar 6
What happens when 'meme traders' go after mortgage stocks?
Rocket Companies and LoanDepot briefly followed the trajectory of GameStop this month, seeing share prices spike simply because jokey online traders targeted their shares
by Jim Dalrymple II Mar 5
Sale-to-list price ratio hits all-time high: Redfin
During the 4-week period ending Feb. 28, the median home sale price and the 4-week rolling average of median asking price on newly listed homes also hit new highs
Refinance loans spur 14-year high in lending activity
The dollar amount of loans distributed during the fourth quarter of 2020 was also the highest quarterly amount distributed since at least 2000
One week after LA launch, Knock blankets Southern California
A rapid expansion from Los Angeles into San Diego, Santa Barbara and markets inland puts Knock well ahead of its '21 in 21' available markets goal
by Craig C. Rowe Mar 4
Study: Women pay higher mortgage rates than men in all but one state
Only 1 state in the US was found to offer lower interest rates to women than men, on average, for a 30-year, fixed-rate mortgage, according to mortgage tech company Own Up
Pulse: What do clients need to know about mortgages in 2021?
In today's pandemic-stricken real estate landscape, agents have to do everything they can to educate homebuyers — especially when it comes to the mortgage market. So, what do clients need to prepare for?
by Inman Mar 3
Mortgage forbearance rate increases for first time in 5 weeks
According to the Mortgage Bankers Association's latest report, mortgage forbearances rose 1 basis point for the week ending on Feb. 21
by Marian McPherson Mar 2
Pulse: The alternative mortgage services clients are opting for
In today's market, what alternative financing models are clients drawn to? That's the question we posed last week, kickstarting a new theme of the month. Here's what our readers had to say
by Inman Mar 2
Knock partners with The Agency for Home Swap's expansion
Los Angeles represents Knock's largest market for its 'buy-now-sell-later' alternative mortgage model. It's expected to especially help buyers in the under $2M market be more competitive
by Craig C. Rowe Feb 25
Chase expands its homebuyer grant program for minorities
Chase Bank launched its revamped Homebuyer Grant program, which will provide a $5,000 grant for qualified buyers in majority Black communities
by Marian McPherson Feb 24
Pulse: What alternative mortgage services are clients opting for?
As we approach the end of the month, we're rolling our sleeves up and prepping to plunge into our next theme of mortgage and alternative financing. This week, we're asking our readers: What alternative financing models are your clients drawn to?
by Inman Feb 24
Beyond the headlines: Sales rise as inventory further wanes
Looking for a little clarity on the news? Windermere Chief Economist Matthew Gardner dives into February's housing data releases and predicts how the market will fare
by Matthew Gardner Feb 23
Fannie Mae: Economy will expand nearly 7% in 2021
Fannie Mae upgraded its full-year 2021 real GDP growth but cautioned that rising inflation and interest rates could be a risk in the near future
by Lillian Dickerson Feb 18
Foreclosure ban and mortgage forbearance through June
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides
by Andrea V. Brambila Feb 16
Tech-enabled mortgage startup UpEquity raises $25M in funding
The company is one of many that have flocked into the mortgage space in recently years, aiming to disrupt a process that until recent remained stubbornly analog
by Jim Dalrymple II Feb 12
Knock expands to Colorado Springs and Tuscon, now in 17 cities
Now available in 17 markets across the country, Home Swap helps sellers sell before they buy and move without worrying about showings, vendors and other traditional hassles of having a home on the market.
by Craig C. Rowe Feb 11
WATCH: Are 'hybrid brokers' the future of real estate?
Former Zillow exec Greg Schwartz predicts industry with 'hybrid brokers' offering additional tech-enabled services to clients. Here, watch the entire video from last month's Connect as a special Select subscriber benefit
by Inman Feb 5
Mortgage rates remain low amid 'struggling economy'
The average 30-year mortgage stayed flat from last week at 2.79% — near historic lows
by Patrick Kearns Feb 4
Equity-rich properties make gains in fourth quarter
The number of equity-rich homes in the U.S. made solid gains at the end of last year, and now account for more than 30% of mortgaged properties
National Guard troops deployed to fight COVID eligible for VA loans
The new law is a 'game-changer' for thousands of members who support states' pandemic response, as they will now have access to zero-down-payment mortgages
Bank of America triples affordable homeownership pledge to $15B
Lender aims to help more than 60,000 low- and moderate-income homebuyers with low down payment mortgages, as well as down payment and closing cost grants
Greg Schwartz predicts an industry with 'hybrid brokers'
During Inman Connect, the former Zillow Group exec discussed his new startup and why he sees a future where most brokers will merge tech-enabled services with traditional, human-touch assistance
by Lillian Dickerson Jan 28
7 realities your buyers and sellers should prepare for in 2021
The real estate market boomed last year, as people sought more space, amenities and new jobs that required relocation. But what will 2021 look like? Here's what will likely change — or stay the same — this year
by Cara Ameer Jan 19
Initiative to boost homeownership among Native Americans debuts
CBC Mortgage Agency, a tribally owned housing finance agency, and the National Urban Indian Family Coalition (NUIFC) are teaming up to offer homebuyer workshops
by Andrea V. Brambila Jan 14
Knock makes Jacksonville its 15th Home Swap market
Jacksonville, Florida, marks Knock's 15th Home Swap market on its quest for 21 before the end of the year. Home Swap allows homesellers to make non-contingent offers on potential new homes
by Craig C. Rowe Jan 7
How low will it go? 2020 was the year of record-low mortgage rates
Mortgage rates ended 2020 near a record low. Will record-breaking rates continue in 2021?
by Patrick Kearns Dec 31
A look at 2020: A year of reckoning for housing policy and equality
From eviction bans to redlining, zoning reform and the NAR Code of Ethics update, 2020 has been a year of reckoning on real estate's checkered past
by Marian McPherson Dec 31
The best month of the year to buy a home in 2020 was November
The median monthly mortgage payment in the US hit a low of $1,094 in November 2020, making it the best month out of the year to buy a home, according to a Redfin analysis
by Lillian Dickerson Dec 23
Here are Inman's 20 most-read news stories of 2020
Bidding wars, record mortgage rates and lots of Keller Williams news dominated the conversation, and Inman's headlines, in 2020
by Jim Dalrymple II Dec 23
Everything that happened in 2020, the wildest year of our lives
This year had it all: A presidential election, a stock market crash and rebound, and the busiest summer and fall in memory — all amid an unprecedented global pandemic
by Jim Dalrymple II Dec 21
11 tech products we loved in 2020
From digital closings to a powerful way to analyze your CRM database, here are 11 products that stood out in a year of remarkable evolutions in real estate tech
by Craig C. Rowe Dec 18
Ascension settles with FTC over mortgage data mishap
A Texas-based mortgage data and analytics company wasn't keeping its eye on a vendor that exposed tens of thousands of mortgage holders' personal financial information.
by Craig C. Rowe Dec 17
Mortgage rates hit record low as Fed holds interest rates at zero
It's the lowest 30-year, fixed-rate since Freddie Mac began tracking the data in 1971
by Patrick Kearns Dec 17
Mortgage applications increase for fourth time in 5 weeks
Mortgage applications and refinance applications increased during the week ending Dec. 11, 2020, according to the Mortgage Bankers Association's weekly survey
by Lillian Dickerson Dec 16
Fintech startup Homebuyer raises $1.4M in seed funding
Founded by mortgage expert Dan Green, Homebuyer is a platform that offers first-time homebuyers personalized information and loan origination options
by Marian McPherson Dec 14
Digital closing tech JetClosing opens Austin office, its 5th nationwide
Operating in seven states and having raised $35 million to date, JetClosing is now running in the innovation hub of the southwest
by Craig C. Rowe Dec 11
DC-based Menkiti Group launches mortgage company with NewRez
The venture will focus on residential mortgage lending and will make a donation to a charitable cause with every closed loan
Mortgage delinquency remains high amid pandemic: CoreLogic
Nationwide, 6.3% of mortgages were in some state of delinquency in September — up from 3.8% one year earlier, according to the property analytics provider
Beyond the headlines: What's in store for 2021?
Looking for a little clarity on the news? Windermere Chief Economist Matthew Gardner gives his 2021 forecast
by Matthew Gardner Dec 8
Mortgages in forbearance remained steady over Thanksgiving
The number of mortgage loans in forbearance stayed constant from the previous week, according to the Mortgage Bankers Association
Knock Home Swap makes South Florida its 14th market
The service that helps sellers move before they sell is now active and certifying agents in Miami, Fort Lauderdale and West Palm Beach
by Craig C. Rowe Dec 3
Mortgage rates fall to record new low as home sales begin to sputter
The average rate for a 30-year, fixed-rate mortgage fell to 2.71%, the lowest number ever recorded by Freddie Mac's weekly survey of rates, which dates back to 1971
by Patrick Kearns Dec 3
Title fraud cases surge 31% in Q3
In addition to title fraud, a new report by FundingShield also noted a 90% increase in state licensing issues between the second and third quarters of 2020
by Lillian Dickerson Nov 25
Mortgage purchases spike as rates hit a new all-time low
Mortgage rates fell to 2.92% this week, down from 2.99% the week previous, according to new Mortgage Bankers Association data released Wednesday
by Patrick Kearns Nov 25
Agent/broker perspective: Should agents start aligning with Biden's housing plans?
With the election drawing to a close, an agent feels ready to shift her business and align more with the president-elect's housing policies. What should her broker say?
by Anthony Askowitz Nov 24
Beyond the headlines: Median prices up 15.5% from last year
The median price in October came in at $313,000, for the 104th straight month of year-over-year price gains. We haven’t seen this growth pace since 2006
by Matthew Gardner Nov 24
EOriginal updates again with hub for remote online notarizations
The fast-growing online closing platform has been updated with new features to empower online document notarization
by Craig C. Rowe Nov 23
ClosingLock aims to lock down wire fraud
As real estate deals continue to be handled online and at arm's length, wire fraud risk has nowhere to go but up. ClosingLock is aiming to stop it
by Craig C. Rowe Nov 20
Mortgage rates set new record low for 13th time in 2020
The average 30-year mortgage hit an all-time low of 2.72%, according to Freddie Mac
by Patrick Kearns Nov 19
Low interest rates spur new high for mortgage originations
During the third quarter, 3.25 million mortgages were originated on residential properties, the highest level this figure has reached in 13 years
by Lillian Dickerson Nov 18
NAR: After 2020 boost, home sales will leap next year
NAR Chief Economist Lawrence Yun predicts existing-home sales will rise 9% in 2021
by Andrea V. Brambila Nov 18
How this investor built a single-family rental empire virtually
California-based investor Katy Klesitz shares how she and her husband, Frank, have grown their out-of-state rental portfolio during the pandemic
by Marian McPherson Nov 17
Rocket CEO: Agent response to new tech platform is 'overwhelming'
Jay Farner predicted Rocket Pro Insight would have a real estate agent client base of more than 15,000 by the end of the year
by Patrick Kearns Nov 16
Digital escrow provider Endpoint closes on $40M more
The digital deal continues to broaden its reach as technology company Endpoint takes in more money, expands in the west and doubles its employee count
by Craig C. Rowe Nov 13
David Brickman to leave Freddie Mac amid conservatorship woes
Freddie Mac CEO David Brickman's resignation will take effect on Jan. 8 as the enterprise continues its battle to exit a decade-long conservatorship
by Marian McPherson Nov 13
Don't ignore renter leads! 6 steps for turning them into homebuyers
Helping renters become homeowners is about mindset — both yours and your clients'. Here's how to evaluate the renter leads you receive and convert them into homeowners when their lease expires
by Bernice Ross Nov 11 raises $200M in Series D funding round
The New York City-based digital mortgage startup plans to use the money to grow its team and technology products at a time when mortgage demand is booming
by Patrick Kearns Nov 10
Delinquencies continue to rise across the country
CoreLogic reported a 2.9% rise in mortgage delinquencies in August compared to last year
Mortgage rates hit another historic low amid electoral uncertainty
With 30-year, fixed-rate mortgages dropping to 2.78%, it's the 12th time this year that rates have hit a new low, according to data released Thursday by Freddie Mac
by Patrick Kearns Nov 5
Low mortgage rates are propping up economy and propelling growth
The average rate for a 30-year, fixed-rate mortgage was 2.81%, a shave higher than last week's historic low of 2.8%, according to Freddie Mac's Primary Mortgage Market Survey
by Patrick Kearns Oct 29